IMI (LON:IMI) Sets New 52-Week High - Here's Why

Key Points

• IMI shares reached a new 52-week high of GBX 3,202 before closing at GBX 3,052, despite trading down 3.0% in the session.
• Analyst sentiment remains positive: five analysts rate IMI a Buy and one a Hold, producing a “Moderate Buy” consensus and an average price target of GBX 3,171.67.
• IMI reported quarterly earnings of GBX 63.40 per share, with a 32.41% return on equity and a 14.09% net margin; analysts expect full-year EPS of approximately GBX 137.97.

IMI plc (LON:IMI - Get Free Report) hit a new 52-week high on Wednesday. The company traded as high as GBX 3,202 and last traded at GBX 3,052, with a volume of 595639 shares changing hands. The stock had previously closed at GBX 3,148.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on IMI. Berenberg Bank restated a "buy" rating and set a GBX 3,300 price target on shares of IMI in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of IMI from GBX 3,250 to GBX 3,440 and gave the company a "buy" rating in a report on Monday, August 3rd. Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 3,380 price target on shares of IMI in a research report on Friday, July 31st. Royal Bank Of Canada reiterated a "sector perform" rating and set a GBX 2,850 price objective on shares of IMI in a research note on Friday, July 31st. Finally, JPMorgan Chase & Co. increased their target price on IMI from GBX 3,050 to GBX 3,300 and gave the company an "overweight" rating in a research report on Wednesday, July 8th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, IMI currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 3,171.67.

IMI Trading Down 3.0%

The company has a debt-to-equity ratio of 80.30, a current ratio of 1.30 and a quick ratio of 0.80. The stock has a market cap of £7.17 billion, a PE ratio of 22.49, a PEG ratio of 1.12 and a beta of 1.04. The company's fifty day moving average is GBX 3,070.46 and its 200-day moving average is GBX 2,904.73.

IMI (LON:IMI - Get Free Report) last released its quarterly earnings data on Friday, July 31st. The company reported GBX 63.40 earnings per share for the quarter. IMI had a return on equity of 32.41% and a net margin of 14.09%. On average, analysts predict that IMI plc will post 137.9737609 earnings per share for the current fiscal year.

About IMI

IMI is a global leader in fluid and motion control, engineering bespoke solutions that enhance safety, productivity and sustainability across critical industries in energy, automation and healthcare. We work in close partnership with customers to design, build and service high-performance valves, actuators and control systems that solve complex engineering challenges. Our solutions are a small part of our customers' systems – but they play a critical role in how those systems perform. By combining deep technical expertise with real customer insight, we deliver solutions that are precisely engineered for impact. Through our One IMI model, we combine commercial excellence, market-led innovation and continuous improvement to scale what works across the business.

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